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SITC orders 10 boxships at Huanghai

Fast-growing Chinese containerline SITC has inked orders for ten 1,800 teu vessels at Huanghai Shipbuilding in Weihai in northeast China. No price has been indicated for this latest deal.

SITC, currently the 15th largest containerline, is on track to leapfrog both IRISL and KMTC in Alphaliner’s top 100 liner rankings with its rapidly growing orderbook. The company was founded in Shandong in 1991 and focuses on the intra-Asia trades. It listed on the Hong Kong Stock Exchange 12 years ago.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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